No 8 Shuanghui

China's largest meat processor, Henan Shuanghui Investment & Development Co Ltd, said its 2013 net profit rose 33.7 percent, boding well for an initial public offering by its parent WH Group Ltd, which is expected to be the biggest Hong Kong listing since 2010. The company's annual net profit rose to 3.86 billion yuan ($633.68 million) due to lower input costs, which boosted margins, the company said in a statement on Monday.

Shuanghui's meat products at a supermarket in Xuchang, Henan province. Shuanghui became Spanish processor Campofrio's largest shareholder after acquiring Virginia-based Smithfield Foods Inc for a record-breaking $4.7 billion in September. [Photo/China Daily]

Go to Forum >>0 Comment(s)